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20130228
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. nemo dumped up to three feet of snow in some areas. president obama has declared connecticut a disaster area, which makes it eligible for federal aid and at least 15 deaths are blamed on the storm. travel delays are easing. amtrak says it will have limited services in new york and boston. it's not the typical story you hear about in the u.s. in february as tornados tear through mississippi. >>> three companies biggest investors have joined southeastern management's objecting to the deal. but the latest edition, 14% now say they'll vote against the buyout. as far as dell's stock is concerned in frankfurt, it is still up 2%. >> eric schmidt is cashing in. the google claim has filed to sell 42% of his shares in the company. he will sell shares through a regular trading plan spread out over a year to reduce the market impact. analysts say it could hint at him playing a smaller role in the company going forward. schmidt handed the reigns to larry paige in 2011. google shares down about 0.8%. still up about 11 fers, 12% over the last six months. different story than major competitor apple. >>
of the titans. >>> and japanese prime minister shinzo abe is heading to walk to talk to president obama. just what kind of reaction can abe expect from washington? we'll give you a preview. >>> before all that, let's recap what's happening in markets. we've seen more activity, in fact, higher volume over the last couple of sessions, really, than we've seen for much of the year. the volume is coming on a sell-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all ten s&p sectors did hit the day lower. volatility on the rise. the vix rose nearly 20% on this session. the sell-off has continued overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of th
in the next half hour. but first, sorry to do this, we have to talk politics. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we reform our health care programs in particular because we spend a lot more on health care than every other country does and we don't get better outcome. so there's a lot of waste in the system and there are things that we can do to reduce health care costs. >> asked about the contraction in fourth quarter gdp in the u.s., president obama blames the dysfunction in washington surrounding the fiscal cliff. a sharp drop in spending did over-shadow strong housing data. it followed unexpectedly strong defense spending in the fourth quarter. maybe some positive news there. tina, from citi, she's been t
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